A property with a short lease is worth less and becomes harder to sell as the lease gets shorter – eventually, when the lease runs out, the property will be owned 100% by the freeholder! This business represents a huge and under-represented area of need for leaseholders and we aim to take the burden off the shoulders of those entering into lease-extension negotiations.
There are two ways of applying for a lease extension, the statutory lease extension process, and the informal extension process. The first takes longer but it is definitely worth the wait. Do you know that applying directly to the freeholder, as is advised by many estate agents, can result in you/your purchaser being left with a lease that is quite different from the original?
Terms can be changed so that the freeholder can charge more for licences and permissions, collect more in service charges, and recover their legal fees from the leaseholder should he/she attempt to take them to court!
We can manage the lease extension process on your behalf enabling you to avoid these pitfalls either as a vendor or a purchaser.
We will charge £600 inc VAT for managing the process on your behalf